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Hear India, India Rupee to get its own version of Currency Symbol.

Today(24/06/2010) India Cabinet is set to approve the symbol which is going to represent Indian Currency. This announcement was made by, the finance minister Pranab Mukherjee in his budget speech.

"In the ensuing year, we intend to formalise a symbol for the Indian rupee, which reflects and captures the Indian ethos and culture," Mukherjee had said then.

The shortlisted design apparently plays on the Hindi letter 'R' with a double-slash. The FE designers have conceptualised the design here.

The government has already shortlisted five entries after a pan-India open contest which was advertised by the finance ministry in February 2009. According to the terms of this contest, the winning design will become the property of the government of India and the winner will have to surrender the design copyright to in lieu of Rs 2.5 lakh.

I don't know who will be the lucky guy who design is going to represents india currency world wide :).

According to design experts, formulating a unique currency symbol is extremely difficult, made tougher by the requirement that it must be adaptable to computer keyboards. The design will also have to be incorporated in currency notes, which would mean asking printers abroad where the currency is printed to make large-scale investments.

This is important to India because it's neighboring countries like Sri Lanka, Pakistan, Bangladesh and Nepal also represents their currency in the form Rupees as well.   

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